Small shopkeepers are happy with the return of Rs 2000 note
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According to a report in Business Today, Kumar Rajagopalan, CEO, Retailers Association of India, said that unlike the 2016 demonetisation, most shopkeepers are accepting Rs 2,000 notes. The reason for this is that the RBI has clearly said that the Rs 2000 note will be valid till September 30. So if a customer is buying with a 2000 rupee note, then the shopkeepers have no problem in taking it. In some cases shopkeepers are refusing to give away Rs 2000 notes. Delhi’s Khan Market Association President Sanjeev Mehra said that people who have Rs 2000 note will buy from it. In such a situation some boom can be seen in the business.
difference between demonetisation and demonetisation
Rajagopalan said that cash transactions have come down in the last few years, but cash accounts for 25 to 40 per cent of the total turnover for retailers. It depends on what kind of your business is. CAIT says that the withdrawal of Rs 2000 note will increase digital adoption in the country. The organization said in a statement that it would encourage people to make digital payments for everyday purchases. In 2016 note ban, 500 and 1000 rupee notes were invalidated overnight. But this time the 2000 rupee note has not been invalidated.
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